Editing Time preference (section)

=== Cultural differences in predictors of time preferences ===
There are many cultural differences that influence perceptions in general. Some aspects of culture which may be relevant to time preference include individualism/collectivism, uncertainty avoidance, and long term orientation. Countries with higher uncertainty avoidance have higher present bias, meaning they discount the future more steeply. On the other hand, countries higher in individualism and long term orientation discount less steeply.<ref name=":03" />